All these schemes fail to answer the key questions about any economic theory. Can the theory provide a moral or “transcendental” justification for its results, so that it is politically acceptable? And can it explain growth and creativity? Read More ›
Capitalism is the supreme expression of human creativity and freedom, an economy of mind overcoming the constraints of material power. It is not simply a practical success, a “worst of all systems except for the rest of them." It is dynamic, a force that pushes human enterprise down spirals of declining costs and greater abundance. Read More ›
As Jude Wanniski knew, and expounded, "Economies are driven not by the dollars in people's pockets but by the ideas in their heads." By that measure, the U.S. economy still rides high on Jude's ideas and Jude — who for many years wrote editorials on economics for this newspaper — ranks high on the lists of the world's richest men. Read More ›
